STMicroelectronics investors urged to act before class action deadline

Rosen Law Firm, a prominent global investor rights law firm, has issued a reminder to investors of STMicroelectronics N.V. regarding a securities class action. This action pertains to securities purchased between January 25, 2024, and July 24, 2024, with a critical deadline for lead plaintiff applications set for October 22, 2024. Investors who acquired STMicroelectronics securities during this period may be eligible for compensation without incurring any upfront costs, as the firm operates on a contingency fee basis. The lawsuit alleges that during the specified Class Period, the company made misleading statements and failed to disclose significant declines in demand within its automotive and industrial sectors. This decline adversely affected STMicroelectronics' revenues and gross margins, leading to public statements that were deemed materially false and misleading. As the true nature of the company's performance became known, investors reportedly suffered damages. The Rosen Law Firm emphasizes the importance of selecting experienced legal counsel, as many firms may lack the necessary resources or expertise to effectively litigate securities class actions. To participate in the class action, investors are encouraged to visit the Rosen Law Firm's website or contact them directly for further information. The firm has a notable track record, including achieving the largest securities class action settlement against a Chinese company, underscoring its capability in handling such cases.